This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Information on MCof production is all that is necessary to obtain the long run industry supply ... (Read 88 times)

DelorasTo

  • Hero Member
  • *****
  • Posts: 548
on: Apr 19, 2019

Question 1

Entry of new firms in an decreasing-cost industry leads to an upward shift of the 
LRAC curve.


◦ true
◦ false

Question 2

Information on 
MC of production is all that is necessary to obtain the long run industry supply curve, because 
P = 
MC is the profit-maximization condition for all firms.


◦ true
◦ false
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by DelorasTo on Apr 19, 2019

Carissamariew

  • Sr. Member
  • ****
  • Posts: 359
Reply #1 on: Apr 19, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 56% of students answer this correctly


DelorasTo

  • Member
  • Posts: 548
Reply 2 on: Apr 19, 2019
Thanks for the timely response, appreciate it

LVPMS

  • Member
  • Posts: 323
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

Malaria mortality rates are falling. Increased malaria prevention and control measures have greatly improved these rates. Since 2000, malaria mortality rates have fallen globally by 60% among all age groups, and by 65% among children under age 5.

Did you know?

After 5 years of being diagnosed with rheumatoid arthritis, one every three patients will no longer be able to work.

Did you know?

In most climates, 8 to 10 glasses of water per day is recommended for adults. The best indicator for adequate fluid intake is frequent, clear urination.

Did you know?

Approximately one in three babies in the United States is now delivered by cesarean section. The number of cesarean sections in the United States has risen 46% since 1996.

Did you know?

Alzheimer's disease affects only about 10% of people older than 65 years of age. Most forms of decreased mental function and dementia are caused by disuse (letting the mind get lazy).

Great Britain Production of Glass 1800s Great Britain Production of Glass 1800s
How Long Does Poverty Last? How Long Does Poverty Last?
Energy Production Energy Production
The CHRIS manual entry for toluene. Useful information includes response information, chemical and ... The CHRIS manual entry for toluene. Useful information includes response information, chemical and ...
Greater Long-nosed Tree Shrew (Tupaia tana), Borneo and Sumatra. Greater Long-nosed Tree Shrew (Tupaia tana), Borneo and Sumatra.
Three metabolic pathways that muscles use to obtain the ATP that fuels their contraction. Three metabolic pathways that muscles use to obtain the ATP that fuels their contraction.
Video: hGH, Thyroid hormones & Aldosterone

For a complete list of videos, visit our video library